Confluence Appointed by Royal London Asset Management for AIFMD Annex IV Reporting
January 5, 2017
(London – January 5, 2017): Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting and performance measurement and analysis, today announced that Royal London Asset Management has selected the company's Unity NXT™ AIFMD Annex IV transparency reporting solution to support their growing alternative investment fund business.
The Alternative Investment Fund Managers Directive ("AIFMD") regulation covers hedge funds, private equity, real estate and other Alternative Investment Fund Managers ("AIFMs") in the European Union. The Directive requires all AIFMs to obtain authorisation, and make various disclosures as a condition of operation in the region. Confluence's AIFMD Transparency Reporting technology-enabled service allows asset managers to gain control over this complex undertaking - from the collection of data, the calculation of answers, the approval of the report form's contents, to the transmission of the filing.
Royal London Asset Management needed a solution to satisfy its growing AIFMD reporting burden efficiently and cost effectively while meeting the deadlines.
"We were looking for a solution that would provide us with the control we need and the scalability to grow as we continue to expand our global footprint," said Martyn Gatehouse, Senior Regulatory and Financial Accountant, Royal London Asset Management. "Not only has the Confluence software met these needs, their team has provided the expertise to help us navigate the complexity of the data aggregation and filing requirements associated with AIFMD."
Confluence is a global technology solutions provider delivering innovative products to the worldwide money management industry, to meet asset managers’ and service providers’ performance, reporting, analytics, risk and data needs. With the recent acquisition of StatPro, Confluence offers its clients a broader range of data-driven managed investment solutions including post-trade regulatory and shareholder reporting, performance and attribution, portfolio analytics, and asset data services and data management, delivering a full technology suite to the front, middle and back office. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with locations across Europe, North America, South Africa, Australia and Asia.